BTIG, a broker dealer specialising in institutional trading and related brokerage services, has appointed Vikas Tandon as managing director and head of high yield and distressed analytics with BTIG’s global fixed income group.

“Vikas is a significant addition to our growing fixed income team,” says Steven Starker, co-founder of BTIG. “His extensive experience will enable us to focus on the credits most important to our clients, and ensure that the form and substance of our analytical reports are of the highest regard.”
 
Tandon joined BTIG from Joshua Tree Capital Management, a distressed fund focused on extremely illiquid securities that he founded in 2007. Prior to that, he worked for Lonestar Capital Management, where he was the co-portfolio manager. Tandon has also held positions at Donaldson, Lufkin & Jenrette and UBS.
 
BTIG’s global fixed income group was launched in February this year by Jon Bass, formerly of UBS, and John Purcell, formerly of Citigroup. The group focuses on sales and trading of credit products, covering the full credit spectrum from investment grade to distressed debt, as well as emerging markets and mortgages.